nmdc significance, page-25

carrera

Please refer to post Post #: 7061226 (15/08/11 14:10) On the Onesteel post you said - and I quote - "out from ost for short term...will buy back when the trend is up...lcy looked good for at the moment..."


agreed but that was the time of media hype for 100m offer...and I did sell out my holdings at 22.5cents afterward on delay...

nmdc having on board as customer and 50% holder itself is big achievement but its just that the media hype took at sky level and thats why its falling with the time when share holders realising the true value of the deal...this actully compounded with europe crisis ...most of the great stocks are undervalued and looking at current circumstances and absence of large volumes buyers below 10cents this could trade at undervalued price if asx falls further significantly...

i think its important to understand that nmdc has max 500m up for buying companies and that 500m wil be nothing against the construction cost of the projects...